AUCTION: Used Generators of Various Capacities at Meezan Bank Karachi

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Meezan Bank Limited invites sealed bids for the auction of used generators of various capacities at its Karachi location. This auction presents an opportunity for interested buyers to acquire pre-owned generators that have been in use at different branches and offices of the bank. The auction will be conducted as per the schedule and terms outlined by the bank, and all interested parties are encouraged to participate by submitting their bids within the stipulated timeframe. Items being auctioned: - 240 units of used generators in the following capacities: 6KVA, 7KVA, 8KVA, 10KVA, 30KVA, 40KVA, 60KVA, 150KVA The generators are available for inspection at the bank's premises. Prospective bidders can visit the site on 21-09-2026 at 10:30 AM at C-25, Estate Avenue, SITE, Karachi, to examine the generators and assess their condition. The auction will be held on 25-09-2026 at 10:00 AM at the same address. All participants must bring their original CNIC for entry and registration. Eligibility criteria include submission of a pay order of Rs. 200,000 in favor of Meezan Bank Limited as earnest money, which is refundable to unsuccessful bidders. The successful bidder must deposit 10 percent of the bid amount immediately after the auction and pay the remaining amount within 20 days. All applicable taxes will be borne by the purchaser. The auction is being conducted under the supervision of the bank's authorized officers, and the decision of the auction committee will be final. A practical tip for bidders: Arrive early on the inspection day to thoroughly check the generators and clarify any queries with the technical staff before the auction date. This will help you make an informed bid and avoid surprises later.